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Wednesday, April 15, 2015

Semtech Sells Off Defense, Microwave Business

Camarillo-based semiconductor developer Semtech said late Tuesday that it has completed a divestiture of its defense and microwave communications infrastructure business. Semtech said it sold its business to Jariet Technologies, in exchange for a minority equity interest in the new company. Semtech had originally planned to divest and shut down its defense and microwave communications business, which it had acquired as part of its buy of Sierra Monolithics in 2009.